Wasserman on Wednesday completed the complicated transaction that saw Paradigm sever off its music operation for sale as the company faced a spiraling financial crisis last year amid the hardships imposed by the pandemic.
Wasserman Music will be headed by music business veterans Marty Diamond, Jonathan Levine, Jackie Nalpant, Sam Hunt, Corrie Martin, Lee Anderson and Matt Rodriguez, who will oversee day-to-day operations. The company has about 130 employees overall.
Wasserman Music, not surprisingly, is banking on a strong rebound for the live music business in the second half of this year as the nation emerges from pandemic lockdown conditions.
“I have worked side-by-side with this remarkable group of people to build a blueprint for success and I am continually impressed with their tenacity and care for both their clients and the business. But most important is our shared commitment to cultivating a culture of forward progress so this new business appropriately reflects the artists and fans we serve,” said Casey Wasserman. “This is a dynamic opportunity to create new collaborations between the family of brands and talent that Wasserman currently represents in a meaningful and impactful way, and I am excited to get started.”
More to come